Insider Selling: Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Sells 7,125 Shares of Stock

Alarm.com Holdings, Inc. (NASDAQ:ALRM) CEO Stephen Trundle sold 7,125 shares of the business’s stock in a transaction dated Monday, April 5th. The stock was sold at an average price of $87.39, for a total transaction of $622,653.75. Following the transaction, the chief executive officer now owns 241,024 shares in the company, valued at $21,063,087.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Stephen Trundle also recently made the following trade(s):

  • On Friday, January 15th, Stephen Trundle sold 15,000 shares of Alarm.com stock. The shares were sold at an average price of $98.79, for a total transaction of $1,481,850.00.

Shares of ALRM stock opened at $85.73 on Thursday. The business’s fifty day moving average price is $88.94 and its 200 day moving average price is $82.24. The firm has a market capitalization of $4.25 billion, a PE ratio of 57.54, a P/E/G ratio of 4.75 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 4.67 and a quick ratio of 4.19. Alarm.com Holdings, Inc. has a 1-year low of $40.48 and a 1-year high of $108.67.

Alarm.com (NASDAQ:ALRM) last issued its earnings results on Wednesday, February 24th. The software maker reported $0.45 EPS for the quarter, topping the consensus estimate of $0.27 by $0.18. Alarm.com had a net margin of 12.64% and a return on equity of 17.50%. Equities research analysts expect that Alarm.com Holdings, Inc. will post 1.12 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of Alarm.com by 3.9% during the 4th quarter. BlackRock Inc. now owns 7,372,030 shares of the software maker’s stock valued at $762,636,000 after acquiring an additional 274,997 shares during the period. Riverbridge Partners LLC raised its stake in shares of Alarm.com by 9.0% during the 4th quarter. Riverbridge Partners LLC now owns 1,832,931 shares of the software maker’s stock worth $189,617,000 after buying an additional 151,430 shares during the last quarter. Norges Bank acquired a new stake in Alarm.com in the 4th quarter valued at about $73,541,000. Motley Fool Wealth Management LLC grew its stake in Alarm.com by 1.1% in the 4th quarter. Motley Fool Wealth Management LLC now owns 363,622 shares of the software maker’s stock valued at $37,617,000 after acquiring an additional 3,959 shares during the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in Alarm.com by 9.7% during the 4th quarter. Handelsbanken Fonder AB now owns 338,200 shares of the software maker’s stock valued at $34,987,000 after acquiring an additional 30,000 shares in the last quarter. 93.36% of the stock is owned by institutional investors.

ALRM has been the subject of a number of research analyst reports. JPMorgan Chase & Co. began coverage on shares of Alarm.com in a research report on Tuesday. They set a “neutral” rating and a $100.00 price objective for the company. Roth Capital raised their price objective on shares of Alarm.com from $75.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, January 21st. Maxim Group boosted their target price on shares of Alarm.com from $79.00 to $120.00 in a research note on Friday, February 26th. Raymond James raised their price target on Alarm.com from $75.00 to $115.00 and gave the company a “strong-buy” rating in a research note on Thursday, March 4th. Finally, Imperial Capital raised Alarm.com from an “in-line” rating to an “outperform” rating and set a $105.00 price target for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $94.78.

Alarm.com Company Profile

Alarm.com Holdings, Inc engages in the provision of wireless and web-enabled security system technology. The firm offers security, video monitoring, and energy management solutions. It operates through the Alarm.com and Other segments. The Alarm.com segment represents cloud-based platform for the connected home and related connected home solutions.

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Insider Buying and Selling by Quarter for Alarm.com (NASDAQ:ALRM)

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